16 Sep 2010 16:58

Ukraine inflation to top 1.2% in September

KYIV. Sept 16 (Interfax) - Inflation in Ukraine in September will be higher than the 1.2% rate recorded in August, Deputy Economic Affairs Minister Irina Kryuchkova told journalists on Thursday.

Alongside seasonal increases in food prices, the beginning of autumn also sees higher prices for educational services, she said.

Ukraine had 4.3% inflation in January-August, including 1.2% in August.

The Economics Ministry forecasts inflation for the full year to total 12%. That figure includes a price-risk component, for both food and housing and utilities, she said.

It was reported earlier that the government if forecasting 13.1% inflation in 2010 compared with 12.3% in 2009. The IMF believes inflation will amount to about 12%.